Sonic CEO Sells $5.5 Million in Stock

J. Clifford Hudson sold 300,000 shares. Two other insiders also sold.

Three executives at fast-food chain Sonic took 451,500 shares to the drive-through window to the tune of $8,258,686, an average of $18.29 each, from Sept. 17 to 26.

Chairman, Chief Executive and President J. Clifford Hudson sold 300,000 Sonic (ticker: SONC) shares for $5,530,910. Shares sold had been held through a family-owned limited-liability company and a trust. Hudson now directly holds 8,890 shares and indirectly holds 637,266...